The House intends to vote on the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) as early as Tuesday. The House Rules Committee will meet on the bill Monday at 5 p.m. (ET), which clears the way for likely consideration this week.
“We wouldn’t be this close to the finish line without the thousands of credit union leaders that have stepped on and contacted legislators,” said CUNA President/CEO Jim Nussle. “We’ve got momentum on our side, but we can’t let it falter in the final few critical days. Tell your members of Congress this bill would provide vital regulatory relief to benefit consumers around the country. We’re ready to see this bill pass the House and get signed into law, and then we can move on toward securing additional regulatory relief. Every vote this bill gets increases our chances for additional regulatory relief possibilities later this year.”
CUNA wrote to Speaker of the House Paul Ryan (R-Wis.) and House Minority Leader Nancy Pelosi (D-Calif.) Friday, applauding the bipartisan efforts of Congress to create and pass S. 2155 and pledging to work with Congress on additional regulatory relief legislation.
"S.2155 is the result of months of deliberate bipartisan negotiations. The legislation includes several provisions supported by Republicans and Democrats in the House of Representatives and the United States Senate," the letter reads. "And it enjoys the support of America’s credit unions and small banks. This is true, targeted regulatory reform that will help Americans on Main Street, and it is the type of legislation that Congress should be proud to enact."
The Senate passed the bill in March with a bipartisan 67-31 vote, and would go to President Donald Trump for his signature if passed by the House. Stakeholders can use CUNA’s Campaign for Common-Sense Regulation website to contact their members of Congress.
Specific regulatory relief provisions in S. 2155 would: